Balkan Peninsula Transportation Infrastructure Market is Expected to Reach USD 25,995.9 Million by 2031.

According to a recent market study published by Growth Market Reports titled, " Balkan Peninsula Transportation Infrastructure Market by Infrastructure Type, Construction Type, Investment Type and by Countries: Size, Share, Trends and Opportunity Analysis, 2022-2031", the market was valued at USD 9,268.7 Million in 2022 and is expected to grow at a healthy growth rate of 12.5 % by the year 2031. The Balkan Peninsula Transportation Infrastructure Market is anticipated to grow significantly during the forecast period. The EU Integration and Funding, Rising Tourism Potential, Increasing Foreign Investments are some of the factors contributing to market growth.

The Balkan Peninsula Transportation Infrastructure Market has been segmented based on Infrastructure Type, Construction Type, Investment Type and Countries. In terms of Infrastructure Type, the Balkan Peninsula Transportation Infrastructure market is categorized as Road & Highway Infrastructure, Railway Infrastructure, Bridges & Tunnels. Based on Construction Type, the market is categorized as New Construction and Renovation. By Investment Type, the market is categorized as Public Sector Infrastructure Projects, Private Sector Infrastructure Projects and Public-Private Partnership (PPP) Projects. By Country, the Balkan Peninsula Transportation Infrastructure Market is segmented as Slovenia, Serbia, North Macedonia, Bosnia & Herzegovina, Kosovo, Croatia and Rest of Balkan Peninsula.

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Rising Tourism Potential is driving the growth of the market. There is a growing demand for improved connectivity in the region due to the influx of tourists. This has resulted in increasing investments in transportation infrastructure including new infrastructure construction and modernization. This enhances connectivity within countries and also makes travel between neighboring nations easy, which encourages tourists to visit different countries in the region. For instance, the Republic of North Macedonia has built and rehabilitated several major highways, including the Friendship Highway that connects Skopje and Tetovo. Furthermore, projects such as the Miladinovci and Shitp motorways are intended to increase road connectivity between different parts of the country. Efforts have been made to improve cross-border transit and simplify travel procedures to attract tourists to visit numerous Balkan nations. This involves improved transportation coordination among neighboring countries. For instance, the Western Balkans Six, including Albania, Bosnia & Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia, have been collaborating to improve regional cooperation and connectivity. Furthermore, initiatives such as the Connectivity Agenda seek to improve transportation connections and promote multi-dimensional travel, thus boosting the market.

Key Takeaways from the Study:

• The players include Vinci SA, STRABAG SE, Bechtel Corporation, AECOM, Kolektor, GRANIT AD, and IRD ENGINEERING.

• The market in Serbia is expected to grow at a rapid pace owing the government's efforts to improve existing roads and building new highways to improve connectivity within the country and transportation efficiency. The government has taken initiatives to modernize the railway network to improve passenger and freight transport. New rolling stock, track improvements, and electrification projects are expected to improve the capacity and speed of the railway system.

• The market in Rest of Balkan is anticipated to grow at a substantial pace during the forecast period owing to varying economic developments and integration with the EU. The region’s transportation industry is focusing on improving cross-border connectivity.

• In terms of Infrastructure Type, the Balkan Peninsula Transportation Infrastructure is fragmented into Road & Highway Infrastructure, Railway Infrastructure, Bridges & Tunnels, Public Transportation Infrastructure. The Road & Highway Infrastructure segment is projected to expand at a significant share during the forecast period owing to the continuous construction and modernization of aged and improper road infrastructure in the region.

• In terms of Construction Type, the Balkan Peninsula Transportation Infrastructure Market is fragmented into New Construction and Renovation. The New Construction segment held is projected to expand at a significant share during the forecast period, due to its modern design, technology integration, resilience, and durability. New Construction allows for cheaper maintenance costs over time, and sustainability is still a major concern in new construction infrastructure. As people become more conscious of climate change and its effects on infrastructure, there is a greater emphasis on the resilience of new construction projects.

• In terms of Investment Type, the Balkan Peninsula Transportation Infrastructure Market is fragmented into Public Sector Infrastructure Projects, Private Sector Infrastructure Projects, Public-Private Partnership (PPP) Projects. The Public Sector Infrastructure Projects Segment is anticipated to have a significant share in the market this is due to increasing prioritizing sustainable and eco-friendly infrastructure projects.

Report Scope:

Target Audience:

• Demand Side:  Passengers, Freight,

• Regulatory Side: International Road Federation, International Trade Administration, European Union(EU), and Others.